Bitget Freezes XRP Withdrawals Amid Ongoing Hacking Incident

Bitget has taken the precautionary measure of freezing XRP withdrawals due to an ongoing hacking incident. The move comes after 27 million stolen tokens were detected being moved on the network. This action is likely a response to mitigate further potential losses for users and maintain the security of the platform. The hacker, who initially stole $83 million worth of XRP, has now moved $75 million, leaving the remaining balance in their control. The incident highlights the importance of robust security measures in cryptocurrency exchanges. As trading continues on the XRP Ledger, market participants are closely watching the situation for any further developments.